The EURJPY lacks the positive momentum – Forecast today – 27-3-2024
Economies.com
2024-03-27 05:31AM UTC
EURJPY Pair Analysis
The EURJPY pair failed to confirm surpassing 163.25 obstacle yesterday, to form new sideways fluctuation affected by stochastic negativity contradiction against the main stability above the bullish channel’s support line at 163.70.
The price might form more sideways trades until gathering the positive momentum again, to ease the mission of resuming the bullish attack by surpassing the mentioned obstacle first followed by waiting to achieve the targets near 164.80 and 165.33.
The expected trading range for today is between 163.80 and 164.80.
Trend forecast: Bullish
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